Jamaat-e-Islami chief Hafiz Naeemur Rehman has called on the government to provide tax relief for salaried individuals earning up to Rs. 125,000 per month in the upcoming budget. Speaking at a press conference in Karachi, he expressed deep concern over the increasing tax burden on the middle class, saying it is pushing salaried workers into […]
upcoming budget
Government allocates funds for new industrial development projects in upcoming budget
The government has announced plans to allocate significant funds in the next fiscal year’s budget to promote industrial growth and development across Pakistan. These initiatives focus on creating special economic zones and expanding industrial units to boost manufacturing and employment. One key proposal is the allocation of Rs. 500 million for establishing a Special Economic […]
Budget alert: Tax on big cash withdrawals by non-filers set to double
The government is planning to increase taxes on non-filers who withdraw large amounts of cash daily. According to sources at the Federal Board of Revenue (FBR), the withholding tax rate on cash withdrawals above Rs50,000 may rise from 0.6% to 1.2%. This step aims to encourage more people to register as taxpayers and reduce cash […]
Rs1 trillion+ development budget aims to transform roads, water, and energy sectors
The federal government plans to spend more than Rs1 trillion on development projects in the fiscal year 2025-26. This large budget will fund important areas such as roads, water supply, power generation, and higher education. Officials say this shows the government’s commitment to improving infrastructure and social services across the country. The Annual Plan Coordination […]
No final decision yet on civil, military salaries; tax relief planned for salaried class: Finance Minister
Finance Minister Muhammad Aurangzeb has said that no final decision has been made yet on salary increases for civil and military employees in the upcoming budget. However, the government is actively working on measures to reduce the tax burden on the salaried class. Speaking at an event in Islamabad, Aurangzeb stated, “While no concrete announcement […]
No IMF pressure on budget, defense budget to increase, public will get relief: Ahsan Iqbal
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal stated that the government faces no pressure from the IMF regarding the upcoming budget. He confirmed that due to the current security situation in the region, the defense budget will see a significant increase. At the same time, the government remains committed to providing financial […]
Sindh chief minister vows to reject canal project before budget
Sindh Chief Minister Murad Ali Shah announced that the Pakistan Peoples Party (PPP) will oppose the canal project before the upcoming budget. He emphasized that neither Chairman Bilawal Bhutto Zardari nor President Asif Ali Zardari would allow this project to proceed, deeming it detrimental to Sindh. During a media briefing in Bhan Saeedabad, Shah stated […]
2025-26 budget discussions to begin early in parliament
The government has decided to present the budget for the fiscal year 2025-26 in the first week of June. This announcement comes as officials aim to prepare for Eid al-Adha celebrations. To accommodate this, they plan to convene a parliamentary budget session earlier than usual. Sources from the Ministry of Finance suggest the budget could […]